India-UK Free Trade Pact Opens New Era Of Clean Tech, Inclusive Growth: Anish Shah

Mahindra Group CEO said that the Free Trade Agreement between the UK and India will open new doors for collaboration in clean energy, advanced tech, and sustainable manufacturing

Anish Shah, Group CEO & MD, Mahindra Group

Source : Mahindra

Anish Shah, Group CEO & MD, Mahindra Group, said on Thursday that the landmark UK-India trade deal is more than an economic milestone. “This landmark UK-India trade deal is more than an economic milestone; it's a bold vision for shared prosperity and innovation,” he noted.

“It opens new doors for collaboration in clean energy, advanced tech, and sustainable manufacturing. At Mahindra, we see this as a powerful platform to deepen global partnerships and drive inclusive, future-ready growth. It also signals India's growing leadership in shaping a new era of global cooperation,” he added.

India-UK FTA

India and the United Kingdom officially signed their long-awaited Free Trade Agreement (FTA) on Thursday in London, during Prime Minister Narendra Modi’s two-day state visit. UK Prime Minister Keir Starmer attended the ceremony, underscoring the significance of the pact in strengthening economic ties between the two nations.

The agreement is seen as a milestone for both economies, aiming to reduce trade barriers, eliminate tariffs, and unlock new business opportunities. It aligns with India’s broader economic vision outlined in Viksit Bharat 2047 and reflects a shared commitment to long-term growth. The deal concludes negotiations that were formally launched by both leaders on May 6.

Described as "forward-looking" in a joint statement, the FTA sets an ambitious target to boost bilateral trade to $120 billion by 2030.

UK Applauds Economic Gains from Trade Deal

UK Prime Minister Keir Starmer underscored the economic impact of the India-UK Free Trade Agreement in a post on X, stating: “A landmark deal with India means jobs, investment, and growth here in the UK. It creates thousands of British jobs, unlocks new opportunities for businesses, and puts money in the pockets of working people. That's our Plan for Change in action.”

The UK government noted that the agreement will significantly reduce average Indian tariffs on British goods—from 15 per cent to just 3 per cent—boosting the competitiveness of key UK exports such as automobiles, medical devices, beverages, and cosmetics.